Commercial Lease Without Agreement
Description
How to fill out Commercial Lease Agreement With Option To Renew And Right To Make Alterations?
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FAQ
Commercial tenants may have the protection of the Landlord and Tenant Act 1954. The Act grants Security of Tenure to tenants who occupy premises for business purposes. The tenancy will continue after the contractual termination date until it is ended in one of the ways specified by the Act.
The safest way when it comes to evicting a commercial tenant is by commencing a possession claim in the County Court. This process however can take some months. If on the other hand the lease allows it, it can sometimes be cheaper, quicker and simpler to exercise 'peaceable re-entry'.
How long does a commercial tenant eviction take? There are lots of factors that go into how long the process takes so it is impossible to give figures. However, some cases can take around 6 weeks from the eviction order while others can take 6 months or longer.
By accepting rent without a written lease, after a year, a tenant will be entitled to security of tenure and compensation if the landlord recovers possession.